Category Archives: Economics on the left

Is socialism obsolete?

Wandering through the city’s bookshops yesterday I came across this: Is Capitalism Obsolete? with the subtitle, “A Journey through Alternative Economic Systems”. I live in hope that there will be at least one volume somewhere that has no for an … Continue reading

Posted in Economics and economy, Economics on the left | 31 Comments

TMR’s Christmas Message to Millennials

Merry Christmas Millennials! Because I’m such a nice privileged white male, I’ve decided to give you some free advice. You may detect a common theme. If you want to regularly buy smashed avocado on toast for $15 (or more!) – … Continue reading

Posted in Economics on the left | Tagged , , | 82 Comments

Here, Have Some More Idiot Economics

This is The West’s useful idiot of an economics editor Shane Wright, wondering the other day where WA’s economic growth was going to come from. If you would like to play along at home, try to strain your brain for … Continue reading

Posted in Economics and economy, Economics on the left | Tagged , , , | 31 Comments

Donald Trump and economic policy

Just received this very nice note so thought I would say something about the question asked. Here is the note: I enjoy reading your contributions to Catallaxy on a regular basis. I can’t say I know a lot about economics, … Continue reading

Posted in American politics, Economics and economy, Economics on the left | 20 Comments

NZ the next Venezuela

The stupidity of some people plumbs depths that are always hard to fathom. Is it really all that hard to learn from history? Jacinda Ardern: ‘Capitalism has failed New Zealanders’. Listen to this bewildering idiocy and marvel how someone can … Continue reading

Posted in Economics on the left, Politics of the Left, Socialism | 95 Comments

An excess supply of economic illiteracy

Economic illiteracy is a common fault among our political classes. Two stories off the front page of The Australian this morning. First this: NBN chief Bill Morrow asks who will by the $49bn debt. As if you have to ask: … Continue reading

Posted in Economics on the left, Uncategorized | 16 Comments

Shorten Attacks Business Class

Bill Shorten appears committed to destroying Australia’s middle and aspirational classes. His latest ill-conceived attack on discretionary trusts makes this abundantly clear. Tax minimisation is not a crime Simply put, among other things, trusts allow those running their own business … Continue reading

Posted in Economics on the left, Federal Politics, Uncategorized | Tagged , , , , | 36 Comments

Advance Australia Fair

Who is the one creating more wealth for toil: the person pouring the beer; or the person who took out a business loan to buy the pub; who paid for the pub’s fitout and facilites; who takes on the unending … Continue reading

Posted in Economics on the left, Politics of the Left, Socialism | Tagged , , , | 36 Comments

More evidence that Keynesian theory is junk science

Here’s the story: Economists Hilariously Over-Predicted Economic Growth Under Obama. What does an economist using modern macro know about how an economy works? To find out, continue below. White house economists overestimated annual economic growth by about 80 percent on … Continue reading

Posted in Economics and economy, Economics on the left | 15 Comments

Donald Trump and the administrative state

During the just concluded meeting of the North American society of historians of economic thought I made a major effort to find at least one other attendee among the other 200 who would be willing to make a single positive … Continue reading

Posted in Economics on the left, Education | 27 Comments